Bioceres Crop Correlations

BIOX Stock

USD 1.56 0.00 0.00%

The correlation of Bioceres Crop is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Bioceres Crop Correlation With Market

Good diversification

The correlation between Bioceres Crop Solutions and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioceres Crop Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bioceres Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bioceres Crop Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Bioceres Stock

0.7	ZUARI	Zuari Agro Chemicals	Pair Corr
0.67	BHAGCHEM	Bhagiradha Chemicals	Pair Corr
0.72	300387	Hubei Forbon Technology	Pair Corr
0.65	RCF	Rashtriya Chemicals and	Pair Corr
0.76	SPIC	Southern Petrochemicals	Pair Corr
0.78	300804	Yingde Greatchem Che	Pair Corr
0.69	MAPSW	WM Technology	Pair Corr

Moving against Bioceres Stock

0.76	BGT	Bio Gene Technology	Pair Corr
0.51	RLF	RLF Agtech	Pair Corr
0.45	SIKKO	Sikko Industries Split	Pair Corr
0.83	TSMWF	Taiwan Semiconductor	Pair Corr
0.66	ATCOL	Atlas Corp	Pair Corr
0.62	AAPL	Apple Inc Aggressive Push	Pair Corr
0.6	INGVF	ING Groep NV	Pair Corr
0.56	PYXS	Pyxis Oncology	Pair Corr
0.54	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.5	AVGO	Broadcom Aggressive Push	Pair Corr
0.42	ALIUSD	Aluminum Futures	Pair Corr
0.39	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	UNFI	ASTO	SRRTF	STTFF	SPMMF	CMTL	BCOMF
UNFI		0.0	0.4	0.13	0.0	0.86	0.53	UNFI
ASTO	0.0		0.0	0.0	1.0	0.0	0.0	ASTO
SRRTF	0.4	0.0		0.52	0.0	0.67	0.5	SRRTF
STTFF	0.13	0.0	0.52		0.0	0.42	0.34	STTFF
SPMMF	0.0	1.0	0.0	0.0		0.0	0.0	SPMMF
CMTL	0.86	0.0	0.67	0.42	0.0		0.67	CMTL
BCOMF	0.53	0.0	0.5	0.34	0.0	0.67		BCOMF
	UNFI	ASTO	SRRTF	STTFF	SPMMF	CMTL	BCOMF

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPMMF	+ 1.0	ASTO
CMTL	+ 0.86	UNFI
CMTL	+ 0.67	SRRTF
BCOMF	+ 0.67	CMTL
BCOMF	+ 0.53	UNFI
STTFF	+ 0.52	SRRTF

High negative correlations

BCOMF	- 0.0	SPMMF
CMTL	- 0.0	SPMMF
SPMMF	- 0.0	STTFF
SPMMF	- 0.0	SRRTF
BCOMF	- 0.0	ASTO
CMTL	- 0.0	ASTO

Risk-Adjusted Indicators

There is a big difference between Bioceres Stock performing well and Bioceres Crop Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bioceres Crop's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UNFI	2.06	0.42	0.18	0.34	2.05	(2.41)	4.40	(3.38)	27.61
ASTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRRTF	0.74	0.07	0.02	1.06	0.84	(0.80)	1.59	(1.41)	4.47
STTFF	0.12	0.04	0.00	0.34	0.00	0.00	0.00	0.00	4.17
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMTL	3.28	0.64	0.16	0.52	3.66	(3.78)	7.04	(6.39)	23.38
BCOMF	0.68	0.04	0.00	(0.03)	0.00	0.00	0.00	0.00	20.93

Bioceres Crop Corporate Management

Ricardo Yapur	Managing Officer	Profile
Milen Marinov	Chief Officer	Profile
Jorge Wagner	Chief Officer	Profile
Jose Roque	General Counsel	Profile
Paula Savanti	Head Relations	Profile

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